Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

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Rainmaker
684,615
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Add on get licensed & have the MLS & my answer would be yes; but then THEY would be a Realtor. 

Oct 11, 2018 06:48 AM
Rainmaker
622,321
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

They're missing out on the greatest factor of the MLS-- Unleashing thousands of agents exposure to his property.  

Oct 11, 2018 07:03 AM
Rainmaker
2,062,534
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

:)

Everybody can read an article about surgery, but only the doctor can do it. :)

Oct 11, 2018 12:09 PM
Rainmaker
1,596,606
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Interesting question. 

I would say - a seller is alone. 

Realtors - we are an large institution with the experience.

Oct 11, 2018 12:01 PM
Rainer
117,085
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

The part about all this training that is not taught is the ACTUAL sales part.  It is very easy to say to go out and network, but acctually doing it it very difficult. Securing that first contract, making that first sale, negotiating for your client who is under tremendous stress and pressure of getting the house sold is not something I've seen work too well in the classroom enviromnent. 

You need to develop the drive to get out there everyday whatever your strategy- 

The concept of how to do it, is different from the skills of actually doing it.  

You need both to be successful

Oct 11, 2018 07:36 AM
Ambassador
2,570,787
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    Opportunity cost. 

    The reason we charge a commission is because we have done, and continue to do, all of those things on your list.  If a FSBO wants to spend days and weeks and hundreds of hours learning this craft, how much money will they save?

Oct 11, 2018 08:29 AM
Rainmaker
4,116,805
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Would they have access to the type of marketing agents do? Can they schedule appointments properly? Can they vet buyers properly. Can they negotiate for themselves? I think we bring a whole lot of value to the table beyond "book" knowledge. There's a reason when I take on a listing it sells faster and for more money than an agent who is doing their first listing.

Oct 11, 2018 11:08 AM
Rainmaker
1,387,173
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They would still be at a distinct disadvantage by not being in the MLS.  However, I do think it's possible for them to sell, just maybe not at the highest price.

Oct 11, 2018 10:30 AM
Rainmaker
1,899,349
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Your 1st question gets a YES... the key is your wording any reason why they couldn't succeed?  they may not be people person's, in prison, haven't bathed this year etc. etc.

Your 2nd question Real Estate instructors teach how to do most anything!  Yes? NO! There is a hell of a lot they don't teach... it's not a 12 year school on life Richie Alan Naggar 

Oct 11, 2018 09:01 AM
Rainmaker
4,099,168
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Is the Agent Professor instructor plan?

Oct 11, 2018 08:30 AM
Ambassador
4,579,543
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

In a few cases, yes. Will they really save money or sell for what they could? Hmmm.

Oct 11, 2018 08:29 AM
Ambassador
3,055,949
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Peter Testa captured my thoughts on this.

Oct 11, 2018 08:04 AM
Rainmaker
1,736,218
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Certainly it can be done. Most who do sell FSBO don't feel the need to "study up" on how.  The percentage who are actually successful as FSBOs is relatively small... probably falling into the Pareto Principle.  Whether they save any money is questionable because there are lots of intangible (immeasureable) way to lose money in a real estate transaction.

Oct 11, 2018 07:09 AM
Rainmaker
508,283
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

They are missing the real experience.  It's like someone reading all kinds of cooking books and attends all major chefs shows on how to cook, but never been to the kitchen to wash, cut, and prepare the real food.

Oct 11, 2018 03:30 PM
Ambassador
3,272,654
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Here we go again!  For years we know that right after an 'investor seminar' we're going to be flooded with these newly minted do it yourselfers. Nothing new about that.

Oct 11, 2018 11:05 AM
Rainer
306,937
Libby Cousins
Extraordinary Processing - Spokane, WA
Contract Mortgage Processor, licensed in WA

I think they could succeed but that would take a lot of their time and why not leave it to a professional. Unless they are becoming one themselves. Even if they learn what to do, they don't have the experience behind them and that is valuable. 

Oct 11, 2018 10:29 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Just like people do their taxes on their own (we don't), write their own wills & business operating agreements through programs like legal zoom (we don't) and other DIY things, it certainly can be done, and is. However, they are spending their own money and time in marketing, showings and negotiations. We provide a service that people pay for and there may be significant reasons to use an agent instead of doing it yourself. I bet we save on taxes paying someone to do it for us. I'm certain our will and operating agreements and contracts for our businesses are more iron-clad having paid an attorney to write them. Likewise, a seller likely will sell more quickly and for a higher price, even paying out commissions, and statistics show that. But of course, they can do it themselves, it's their choice. Whether it will save them thousands is debatable. Sometimes maybe it will, often it probably won't. -Kasey

Oct 11, 2018 08:11 AM
Rainmaker
4,042,729
Richard Weeks
Dallas, TX
REALTOR®, Broker

I could read a bunch of auto repair books; however, that would not make me a mechanic.

Oct 11, 2018 07:55 AM
Rainmaker
5,571,896
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

you either have it or you don't..... most DON'T.....

Oct 11, 2018 07:48 AM
Rainmaker
1,231,599
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Maybe they will be the next 'scammer' in the neighborhood.

Oct 11, 2018 07:08 AM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Many reasons why folks, both agents and fsbos, fail, and just as many reasons why they succeed.

Oct 11, 2018 01:43 PM
Rainmaker
1,519,141
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends. Sometimes you have to bring a 3rd party to tell you the truth. For example, many sellers do not notice smell of their home, or clutter, or necessary updates and repairs. And I do not mention negotiation and communication on behalf of the sale. Emotions and ego can be a huge obstacle when you try to sell your biggest asset.  It is about experience. One can watch as many utube videos as you can, but a personal experience is irreplaceable.  

Oct 11, 2018 01:06 PM
Rainmaker
1,216,684
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

I’ve known a few that previously were licensed and were successful selling their own. If they are willing to put in the time involved I think it is possible.  

Oct 11, 2018 07:18 AM
Rainmaker
6,606,578
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Maybe.

Oct 11, 2018 07:03 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I found that the best peoiple in FISBO conversion had a knack for it and specialized. They also developed a good presentation. 

Oct 11, 2018 06:56 AM
Rainmaker
514,124
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

One in a hundred might, most won't.  What is their time worth, how many mistakes can they afford to make due to what isn't taught? 

Oct 11, 2018 01:47 PM
Rainmaker
1,889,268
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Some people can certainly sell a home on their own, successfully. In general though, most people would do better using a professional.

Oct 11, 2018 01:17 PM
Rainmaker
1,722,955
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Experience .....

Oct 11, 2018 11:22 AM
Rainmaker
888,897
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

"....is their any reason why they couldn't succeed?"

Yes.

Oct 11, 2018 11:09 AM
Rainmaker
5,586,657
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Richie,

They could succeed, I am certain of that given that they really understand the process.  However, the question would be, it is worth it time wise?

Oct 11, 2018 09:40 AM
Ambassador
3,039,080
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

totally depends on their commitment and ability to learn.  And to a degree, even their personality.

Oct 11, 2018 09:37 AM
Rainmaker
611,146
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Gosh...that is more education than most licensed agents engage in.

Eve

Oct 11, 2018 09:05 AM
Ambassador
4,257,363
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Hey, if you can dream it, you can do it, right?!

Whether you want to work FSBOs or sell to suckers, there's something in it for everyone! LOL

Oct 11, 2018 06:14 PM
Rainmaker
3,985,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WEll, there is no access to the biggest outlet for lisitngs...MLS

Oct 11, 2018 05:26 PM
Rainmaker
4,209,388
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

You cannot fix stupid!

Oct 11, 2018 12:08 PM
Rainmaker
1,921,264
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I agree with Evelina Tsigelnitskaya 

Oct 13, 2018 07:52 AM
Rainmaker
1,153,675
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Most think they know it all. They hang signs FOR SALE-no realtor please, next week hang Pending in 4 days. Then sold multiple offers. Go to Office Depot for $10 for a form. Faster than the professionals.

 

Oct 11, 2018 06:19 PM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

You are asking could the succeed yes. Likely by their do everything you've mentioned they would easily need to "invest" hundreds if not thousands of dollars on the education portion... Plus their personal time.

Not to mention then having to spend money on properly marketing the home and again the time they would need to invest they would still be disadvantaged compared to a full time experienced pro.

Stats say few FSBO's succeed and those that do typically end up paying the buyer broker fee for the buyer so not so sure there is any real benefit to the majority.

Oct 17, 2018 07:07 PM
Rainmaker
4,938,568
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Missing on-the-job training, which cannot be learned from a book.

Oct 16, 2018 07:46 AM
Rainmaker
4,013,375
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Still can make mistakes till they get 5 deals under their belt.

Oct 14, 2018 11:32 AM
Rainmaker
910,796
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Statistics say 'no'.

Some FSBOs succeed. Most do not. 

Oct 12, 2018 04:59 PM
Rainmaker
3,331,511
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

NO, real estate courses teach one how to pass the test. Selling real estate teaches you how to sell rea estate. Short of an incredible mentor who you shadow and learn by doing, an agent learns by success and failure. It is easier to find a buyer then get the sale to close. 

Oct 12, 2018 05:36 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Maybe.  Some will succeed and some won't.  There are Realtors who also will fail when trying to sell their own home.

Oct 12, 2018 05:32 AM
Rainmaker
4,433,703
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends.

Oct 12, 2018 04:49 AM
Rainer
3,740
Roger Grant
Dynamic IDX, LLC - Myrtle Beach, SC
Leveraging technology for exceptional ROI

Can you please clarify your question?  Couldn't succeed at what? At selling their own home?  If you're asking about having success at selling their own home, the answer would depend on what their cost was at utilizing their time and money on selling their own home, vs. hiring a REALTOR.  For example, if their home was worth about $200K and their regular job paid 50K per month, they would likely be worse off taking time away from work just to save commissions, vs. putting time into their high-paying job and paying a REALTOR commission. 

Oct 11, 2018 11:45 PM
Rainmaker
1,230,072
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Are they employed elsewhere? Real Estate is an "all in" business. Consistency with competence and character is a full-time career.

Oct 11, 2018 08:05 PM
Rainmaker
2,023,900
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Maybee

Oct 11, 2018 06:58 PM